Farmer Bros. Co. Benefits

Farmer Bros. Co. provides many retirement savings plans and other perks for their workers. Like Farmer Bros. Co. employees, numerous employees in the United States enroll in employer-sponsored group health plans, through which a large proportion of each worker's health insurance premium is paid for by their employer. These contributions are tax deductible for employers and tax-free for workers. Farmer Bros. Co. offers health, dental, and vision plans. Farmer Bros. Co. also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help guarantee a reliable flow of cash later in life, many workers use employer-funded pension plans. Farmer Bros. Co. provides defined benefit pension plans and defined contribution pension plans. A defined benefit pension plan pays employees a fixed sum when they reach retirement. With a defined contribution pension plan, employers help employees save and invest for retirement.